I dunno about you but considering you are removed from the fight if you wipe as in all 8 people are dead even if you have a raise pending on you makes me think resetting the fight was never an intended mechanic of the moogle fight.
If you were given a 5 minute timer to raise back up and pull the moogles before it would remove you than i would agree with people that it was an intended way to do the moogle encounter but it quite clearly isn't, and the fact it was abused so much in FFXI doesn't mean its even close to relevant for this fight especially considering FFXI fights worked a different way.